Blockchain Association urges SEC to take flexible approach to crypto regulation

Odaily Planet Daily News The Blockchain Association called on the U.S. Securities and Exchange Commission (SEC) to adopt a flexible and progressive approach to crypto regulation under the new leadership. The association said that with the rapid development of blockchain technology, the SEC should avoid formulating restrictive policies to avoid hindering technological innovation and the expansion of application scenarios. The association emphasized that overly strict regulation may weaken the competitiveness of the United States in the global blockchain industry. Previously, the SEC's regulatory enforcement of the crypto industry has caused widespread controversy, including lawsuits against several crypto companies. The Blockchain Association recommends that the SEC cooperate with the industry through open dialogue to develop a regulatory framework that adapts to technological evolution to balance innovation and compliance. (Cointelegraph)